Brandt, Urs Steiner; Jensen, Frank; Hansen, Lars Gårn; … - 2004
Real life implies that public procurement contracting of renewable resources results in repeated interaction between a … principal and the agents. The present paper analyses ratchet effects in contracting of renewable resources and how the presence … incentives of the agents. It is shown that for some renewable resources we might end up both with more or with less pooling in …